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Nigeria’s Unemployment Rate Rises By 0.8 Per Cent In Q3 2023 – NBS

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Nigeria’s unemployment significantly rose in the third quarter of 2023 by 0.8% from the second quarter 2023, the National Bureau of Statistics (NBS) has said.

The NBS, in its ‘Nigeria Labour Force Survey Q3 2023’ report published on Monday, disclosed that the country’s unemployment rate increased sharply from the 4.2% recorded in Q2 2023 to 5.0% in Q3 2023.

According to the Bureau, the labour force participation rate among the working-age population fell to 79.5% in Q3 2023 compared to 80.4% in Q2 2023.

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In its breakdown of the statistics, the NBS said, “The employment-to-population ratio was 75.6% in Q3 2023 with a decrease of 1.5% compared to a ratio of Q2 2023.

READ ALSO: ‘Weddings Are Expensive’, – 1,200 Couples Get Hitched In Mass Wedding

“The combined rate of unemployment and time-related underemployment as a share of the labour force population (LU2) increased to 17.3% in Q3 2023 from 15.5% in Q2 2023.

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“About 87.3% of workers were self-employed in Q3 2023.

“The proportion of workers in Wage Employment in Q3 2023 was 12.7%.

“The unemployment rate increased significantly in Q3 2023 at 5.0%. This is an increase of 0.8% from Q2 2023.

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“The rate of unemployment among persons with post-secondary education was 7.8% in Q3 2023.”

READ ALSO: Support Individuals Facing Economic Hardship, CAN Urges FG

According to the nation’s main statistical agency, the unemployment rate among youth aged (15-24 years) was 8.6% in Q3 2023, and got an increase of 1.4% compared to Q2 2023.

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“The unemployment rate in urban areas was 6.0% in Q3 2023, a slight increase of 0.1% from Q2 2023.

“Time-related underemployment in Q3 2023 was 12.3%, showing a slight increase of 0.5% from the rate recorded in Q2 2023. This shows an increase of 1.4% compared to the rate in Q4 2022.

“4.1% of the working-age population was in subsistence agriculture in Q3 2023.

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Informal employment rate in Q3 2023 was 92.3%, while Q2 2023 was 92.7%.

“Percentage of youth Not in Employment, Education or Training (NEET Rate) was 13.7% in Q3 2023,” the report added

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VIDEO: Jonathan Breaks Silence On Guinea-Bissau’s Military Takeover

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Former President Goodluck Jonathan has broken silence following the recent military takeover in Guinea-Bissau, describing it as a conventional coup, insisting it was “maybe a ceremonial coup” given the strange manner in which it unfolded.

Jonathan, who spoke extensively in an interview with Symfoni posted on YouTube on Friday, said he felt compelled to address the media to thank Nigerians for their concern and to clarify what truly happened while he was in Bissau as head of the West African Elders Forum Election Observation Mission.

“You know, since I left office, I’ve always been scared of talking to the media,” he said. “But in this particular case, I decided to speak… first and foremost, to thank Nigerians for the show of empathy, the encouragement.”

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Gunfire erupted around key government buildings in Bissau on Wednesday, with soldiers claiming they had “total control” of the country and followed by curfew, border closures and the detention of top government and security officials.

In another development, Tribune Online reports that ousted President, Umaro Sissoco Embaló, flew to Senegal after the intervention of the Economic Community of West African States (ECOWAS).

READ ALSO:Why I Returned To Nigeria On Ivorian Jet — Jonathan

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Reacting to the development, Jonathan however suggested the situation defied all known patterns of a coup.

“I wouldn’t call it a coup. It was not a coup. I would just say, for want of a better word, maybe it was a ceremonial coup,” he said. “For two things: It is the president, President Embaló, who announced the coup. Later, the military men came up to address the world that they were in charge of everywhere.”

He continued, “Then Embaló had already announced the coup, which is strange. Not only announcing the coup, but Embaló, while the coup took place, was using his phone and addressing media organisations across the world that he had been arrested.”

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The former president, drawing from his experience as a Nigerian and a regional mediator, said the events were unlike anything he had seen.

“I’m a Nigerian close to 70, and I know how they keep heads of state when a coup takes place. Recently, I was a mediator in Mali, and within that period, we had a military coup. The military doesn’t take over governments, and the sitting president that they overthrew would be allowed to be addressing press conferences and announcing that he has been arrested. Why does this happen? Who is fooling whom?”

READ ALSO:Guinea-Bissau Military Takeover Is ‘Ceremonial Coup’ – Jonathan

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Meanwhile, Nigeria’s Federal Government had earlier condemned the development as “a serious threat to democracy and regional stability,” and confirmed Jonathan’s safe evacuation by a special flight alongside his delegation.

Jonathan used the interview to call on ECOWAS and the African Union to promptly announce results of the election that was underway in Guinea-Bissau before the military disrupted the process.

“They have the results because AU and ECOWAS officials were in all the regions when the results were collated. They cannot change those results. They should tally all those results and announce them. They cannot force the military out. They must announce and let the world know who won that election.”

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He stressed that the integrity of elections must be upheld in West Africa, recalling his experience overseeing Côte d’Ivoire’s contentious 2010 presidential poll.

A similar thing happened in Côte d’Ivoire when I was the Chair of the Authority of Heads of State and Government of ECOWAS,” he said. He narrated how Laurent Gbagbo and Alassane Ouattara went into a second round after neither met the 50% +1 requirement.

READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan

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“In the second round, Ouattara then got more votes than Gbagbo. And Gbagbo said he was not going, that he won the election,” Jonathan recounted. “But all the observers in the international community said Ouattara won the election. And we in ECOWAS said, well, you are our colleague, but you have to go.”

According to him, his insistence on respecting the will of the people ensured a peaceful transfer of power at the time.

“I stood my ground, and Ouattara was sworn in,” he said.

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Jonathan reiterated that Guinea-Bissau’s situation was “disturbing” to anyone who believes in democracy and insisted that respecting election results remains the only path to stability in the region.

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(VIDEO) Obasanjo To Tinubu: Why Are We Negotiating With Bandits?

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Former Nigeria’s President, Olusegun Obasanjo, has berated what he described as seeming failure of the President Bola Ahmed Tinubu-led administration to wipe out bandits terrorising the country, questioning the rationale behind the government reportedly negotiating with armed groups.

The former President said this on Friday while speaking at the Plateau Unity Christmas and Praise Festival, ongoing at the Ten Commandments Prayer Altar, Dwei-Du, Jos South LGA of Plateau State.

According to him, Nigerians are at liberty to seek help from the international community if their own government fails in its core responsibility.

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He noted that despite Nigerians, across regions and religions being killed, the Nigerian government seems incapable of protecting its citizens, describing the killings as “nonsensical.”

READ ALSO:Bandits Demand N500m As Ransom To Release 13 Kaduna Locals

We are part of the world community. If our government cannot do it, we have the right to call on the international community to do for us what our government cannot do for us. If we are being killed, it is the responsibility of government to do something about it.

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“We should ask government to do what it has to do at all levels. We should ask our leaders to do what they have to do at all levels, in all walks of life,” he said.

Continuing, Obasanjo stated that the world is advanced enough for anyone to hide anywhere and go scot-free after committing a crime.

In these days of technology, there should be nobody hiding anywhere after he has committed a crime that cannot be seen with the present day satellite,” he added.

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READ ALSO:BREAKING: Bandits Abduct Teenage Boy, Six Girls From FCT Community

Recalling his time as Nigeria’s President, Obasanjo said the opportunity of drones has now made it easy for anyone to be picked out from anywhere unlike his time.

Before I left government, I knew we had the capacity to pick up anybody in Nigeria. The capacity we didn’t have then was that, after we had identified and located such a criminal, we didn’t have the capacity to pick him up without moving on land or by air. Now we have capacity with drones. You can take them out. Why are we not doing that?

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“Why are we negotiating? And after government has paid these criminals, government denies!

“We should appeal to our government to do what needs to be done to stop Nigerians being killed.

“We are tired of being killed, and we want the killing of Nigerians, whether they are Christians or Muslims or pagans, they are Nigerians, and the life of every Nigerian matters. It should stop,” he stressed.

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Why I Returned To Nigeria On Ivorian Jet — Jonathan

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Jonathan has explained why he returned to Nigeria aboard an Ivorian aircraft following the recent political unrest in Guinea-Bissau, saying President Bola Tinubu had also prepared to dispatch a jet before Côte d’Ivoire secured an earlier landing permit.

Jonathan, who was in the country as head of the West African Elders Forum Election Observation Mission, spoke in an interview with Symfoni posted on YouTube on Friday, his first public comment since gunfire erupted around key government institutions in Bissau, prompting reports of a possible coup.

He said he felt compelled to speak “to thank Nigerians for the show of empathy and encouragement” after the incident, noting that he was aware of the national anxiety that followed the reports.

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“While we were in Bissau and this so-called coup happened, the information we got was that the whole country was agitated, young and old, irrespective of religious or political divides,” he said.

READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan

According to him, both President Tinubu and Côte d’Ivoire’s President Alassane Ouattara made arrangements to evacuate him and his delegation from Bissau.

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However, the Ivorian team secured landing clearance first due to what he described as stronger regional links.

And I sincerely appreciate Nigerians, and I want them to hear directly from my mouth to appreciate their concern. And secondly, to thank my president, President Tinubu, and the Ivorian president, President Ouattara.

“Both presidents were to send aircraft to lift us, but somehow you know Côte d’Ivoire is closer to Guinea-Bissau, and there’s always some relationship between the Francophone countries and the Lusophones, who are among the Francophones.

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READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan

“They were able to penetrate their system to get a a landing permit before Nigeria could do that. So the Ivorian aircraft was already on its way to pick us up,” he said.

He explained that Côte d’Ivoire’s aircraft was already en route when he was informed that the Nigerian jet had received approval to depart.

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“So when we learnt that the Nigerian aircraft were about leaving, we asked them not to bother. That is why, if you see the pictures, I was brought by an Ivorian aircraft,” he said.

Jonathan thanked the two West African leaders “and indeed Nigerians, young and old” for their concern during the episode.

“So we thank the two presidents, President Wachara and President Tinubu, and indeed thank Nigerians, young and old, for that,” he said.

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